MIRA
INFORM REPORT
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Report Date : |
14th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
MOHAMED
HASSAN KAAFRANI TRADING EST |
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Registered Office : |
Tyr
Deir Kanoun Al Naher, Tyr, Lebanon |
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Country : |
Lebanon |
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Date of Incorporation : |
1982 |
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Com. Reg. No.: |
9198/4159, Tyr |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
The
company is engaged in the wholesale and retail of sanitary ware products,
ceramics and tiles. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$
180,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : MOHAMED HASSAN KAAFRANI TRADING EST
Country of Origin : Lebanon
Legal Form : Sole Proprietorship
Registration Date : 1982
Commercial Registration Number : 9198/4159, Tyr
Invested Capital : LP 3,000,000
Total Workforce : 11
Line of Business : Wholesale and retail of sanitary ware products,
ceramics and tiles.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
MOHAMED HASSAN KAAFRANI TRADING EST
ADDRESS
Registered & Physical
Address
Location : Tyr Deir Kanoun Al Naher
Town : Tyr
Country : Lebanon
Telephone : (961-7) 344266
Facsimile : (961-7) 344266
Mobile : (961-3) 210422
Premises
Subject
operates from a small suite of offices and a showroom that are rented and
located in the Central Business Area of Tyr.
KEY PRINCIPALS
·
Mohamed
Hassan Kaafrani Proprietor
& General Manager
·
Basem
Kaafrani Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1982
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 9198/4159, Tyr
Invested
Capital : LP 3,000,000
Mr
Mohamed Hassan Kaafrani is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations
: Engaged in the wholesale and
retail of sanitary ware products, ceramics and
tiles.
Import
Countries : Spain
International
Suppliers :
·
Almolino Spain
·
Navarti Spain
·
Tamiza Spain
Operating
Trend : Steady
Subject
has a workforce of 11 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Lebanese Pounds (LP)
Year
Ending 31/12/04 Year
Ending 31/12/05
Total
Revenue LP
1,835,000,000 LP
2,070,000,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
· Byblos Bank Sal
Al Zaatari & Dandashly
Building
Riad El Solh Street
Saida
Tel : (961-7) 733507 / 733510 /
725709
Fax : (961-7) 725092
Email : saida@byblosbank.com.lb
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Mohamed
Hassan Kaafrani Trading Est is a small Sole Proprietorship specialising in the
wholesale and retail of sanitary ware products, ceramics and tiles. The
business is owned by Mohamed Hassan Kaafrani, a respected member of the local
business community, and deals with a number of well known international suppliers.
During
the course of this investigation nothing detrimental was uncovered regarding
subject’s operating history or the manner in which payments are fulfilled. As
such the business is considered to be a fair trade risk and the above credit
figure is within subject’s financial means.
Maximum
suggested credit figure: US$ 180,000
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |